Re: Tory party - no hard BREXIT.
Originally Posted by
swimfeeders
->
Hi
It depends what sort of Public Sector Pensions you are talking about.
Some were fully funded until Blair and Brown raided them.
Mine were in fact, in surplus.
Because I was contracted out, I do not get the Full State Pension.
I, like many others, paid in extra, AVCs, additional voluntary contributions.
If, on your logic, only fully funded pensions where left alone, the State Pension would be hugely reduced as well.
The taxpayer can opt out of SERPS and the state pension is not a workplace pension
The taxpayer cannot opt out from funding the defined benefit pensions many public sector workers receive
I’m fortunate in having a good pension provision and still have a good income
Some years ago I was moved by a letter written to the Metro from a young lad from a poor background who’d got himself a job for a small company that didn’t meet the threshold for a workplace pension and was renting a flat. He had little money left over from paying the essential bills to fund his own pension yet the tax he was paying was contributing towards workplace pensions of others when he could not affor his own
That’s when I looked into it and going’s the annual burden on the taxpayer makes any payments to the EU or Brexit severance look paltry
Also from a selfish point of view I’d like to see my £50k a year tax bill come down or be put be better use